Cantab Capital Partners has selected UK’s INDOS Financial to provide depositary services for its two quantitative hedge funds.
Following the deal, Cantab’s CCP Quantitative Fund and the CCP Core Macro Fund will be transferred to INDOS from a depositary affiliated to the fund administrator.
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The latest mandate represents the third depositary transition to INDOS in the last six months from three different depositaries, the AIFMD depositary service provider said in a statement.
Cantab Capital Partners COO Fraser McIntyre said: "Following the introduction of the AIFMD, like many managers we initially appointed a depositary affiliated to our fund administrator.
"Almost two years on, we recognise that independence between the depositary and the fund administrator will add more value to our investors, the funds’ directors and our business."
INDOS Financial CEO Bill Prew added: "We are delighted to be working with Cantab Capital. Increasingly managers are recognising the benefits of an independent depositary solution and we look forward to delivering our transparent and value-add service to the Cantab Capital funds."
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